The European Commission has today adopted a package of measures to help citizens secure adequate income in retirement by improving access to better and more effective supplementary pensions. The proposed actions aim to complement – not replace – public pensions, which are the foundation of pension systems in all Member States.
Today’s package forms part of the Commission’s savings and investments union (SIU) Strategy which seeks to create more opportunities for households to build their wealth through capital markets, while boosting EU economic growth and competitiveness.
The aim of the proposed measures is to strengthen both the demand for and the supply of supplementary pensions. The initiatives fully respect Member States’ competences to organise and design their national pension systems, as well as the autonomy of the social partners where they are responsible for establishing and managing pension schemes.
